[FURL=https://www.industryarc.com/Research/2016-2024-World-Sweet-Potato-Starch-Market-Research-513331?utm_source=BriefingWire&utm_medium=PressRelease&utm_campaign=PaidPressRelease]Sweet Potato Starch Market[/FURL] size was estimated at $520million in 2019 and is projected to grow at a CAGR of 3.8% during the forecast period 2020-2025. Sweet potato is the raw material of sweet potato starch which is made from fresh sweet potatoes or from its dried chips. This starch has higher gelatinization temperature and lower adsorption of heat, which has many industrial applications such as sweeteners, citric acid, beverages, noodle processing, industrial alcohol, ethanol, fuel, and derived goods such as maltose. Sweet potatoes starch is rich in beta carotene, which is converted into vitamin E in the body, it consists of vitamin C, potassium which decreases the heart diseases risks, manganese, vitamin B6, vitamin B5 and vitamin E that are vital for growth, metabolism and development and it offers various antioxidants which helps and protects against certain cancers owing to which there is increased demand. Companies in China and India, on the other hand are throwing more focus on direct sales to increase the revenue. There are several companies in the market that make rivalry very fierce and it makes the costs of various brands more and more expensive. The price of sweet potato starch is also influenced by the price of constant fluctuating raw material which poses a major challenge to the market. However, the wide range of applications of Sweet potato Starch is anticipated to drive the market.
Key Takeaways
Geographically, Asia Sweet Potato Starch Market accounted for the 44% revenue share in 2019 and it is predicted to dominate during the forecast period 2020-2025 owing to the high demand for Sweet Potato Starch in this region.
Increased demand for the sweet potato starch as an alternative for the bakery flour and as a thickener in different region of the world are driving the market.
Detailed analysis on the Strength, Weakness and Opportunities of the prominent players operating in the market will be provided in the Sweet Potato Starch Market.
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Sweet Potato Starch Market Drivers
Growing demand for Enriched Flour:
The growing trend in health awareness is projected to have a positive effect on the global demand for sweet potato starch.
Alternative for Bakery flours:
The starch of sweet potato can be milled into flour to make it gluten-free bakery products. As the market for Asian food is growing across the world and the sweet potato being a prime ingredient in this food is driving the market of Sweet Potato Starch Market.
Sweet Potato Starch Market top 10 companies are SUNAS, Rich Moon, Abundant States, SAI RAM, Guang You, Liuxu Food, Shandong Huaqiang, Henan Tianyu, Shanxi Dongbao, Baijia Food
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